From the course: Project Portfolio Management Foundations
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Project and program teams
From the course: Project Portfolio Management Foundations
Project and program teams
- In many ways, project managers and their teams are impacted the least by portfolio management. The mechanics of the work they do is largely unchanged. They still have to deliver their projects effectively and efficiently, just as they always have done. The major difference is the focus they have while doing that work. Project teams in a portfolio management setting are focused almost exclusively on enabling benefits. The deliverables are far less important. Traditionally, projects are approved to deliver a certain set of features by a given date and for a fixed budget, the triple constraint of scope, schedule, and cost. But that's too restrictive for a portfolio. It ignores the reality that what is approved for the project to deliver before it begins may not be what is best to deliver the required business results by the time the project finishes. Instead, the scope, schedule, and cost must be allowed to evolve. This helps ensure what is ultimately produced has the best possible…
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